Bradley Foster & Sargent Inc. CT Sells 49,894 Shares of Microsoft Co. (NASDAQ:MSFT)

Bradley Foster & Sargent Inc. CT lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 985,103 shares of the software giant’s stock after selling 49,894 shares during the period. Microsoft accounts for 4.6% of Bradley Foster & Sargent Inc. CT’s portfolio, making the stock its largest holding. Bradley Foster & Sargent Inc. CT’s holdings in Microsoft were worth $136,959,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA boosted its position in shares of Microsoft by 274.5% in the second quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock valued at $26,000 after acquiring an additional 140 shares during the period. Krane Funds Advisors LLC bought a new stake in shares of Microsoft in the second quarter valued at approximately $26,000. Centaurus Financial Inc. boosted its position in shares of Microsoft by 21.1% in the first quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock valued at $27,000 after acquiring an additional 561 shares during the period. Selective Wealth Management Inc. bought a new stake in shares of Microsoft in the third quarter valued at approximately $36,000. Finally, Atwater Malick LLC bought a new stake in shares of Microsoft in the third quarter valued at approximately $37,000. Institutional investors own 72.20% of the company’s stock.

In other Microsoft news, CAO Frank H. Brod sold 4,000 shares of Microsoft stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $137.17, for a total transaction of $548,680.00. Following the completion of the transaction, the chief accounting officer now directly owns 54,306 shares of the company’s stock, valued at $7,449,154.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 99,837 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $137.20, for a total value of $13,697,636.40. Following the completion of the sale, the chief executive officer now owns 1,124,339 shares of the company’s stock, valued at $154,259,310.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 339,804 shares of company stock valued at $46,790,619. Company insiders own 1.39% of the company’s stock.

Several equities research analysts have recently weighed in on MSFT shares. JPMorgan Chase & Co. reissued a “buy” rating and issued a $169.00 price objective on shares of Microsoft in a research report on Thursday, October 24th. Royal Bank of Canada increased their price objective on Microsoft from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. KeyCorp reissued a “buy” rating and issued a $155.00 price objective on shares of Microsoft in a research report on Thursday, August 29th. CIBC increased their price objective on Microsoft from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Finally, Argus increased their price objective on Microsoft to $158.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $159.45.

Shares of MSFT stock opened at $145.96 on Friday. The stock has a market cap of $1,102.06 billion, a P/E ratio of 30.73, a price-to-earnings-growth ratio of 2.27 and a beta of 1.23. Microsoft Co. has a one year low of $93.96 and a one year high of $145.99. The stock has a fifty day moving average price of $139.85 and a 200 day moving average price of $135.04. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.85 and a quick ratio of 2.81.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 23rd. The software giant reported $1.38 EPS for the quarter, topping the consensus estimate of $1.24 by $0.14. The firm had revenue of $33.06 billion during the quarter, compared to analysts’ expectations of $32.24 billion. Microsoft had a return on equity of 39.14% and a net margin of 31.66%. Microsoft’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business earned $1.14 earnings per share. Equities research analysts anticipate that Microsoft Co. will post 5.35 EPS for the current year.

Microsoft announced that its Board of Directors has authorized a share buyback plan on Wednesday, September 18th that allows the company to repurchase $40.00 billion in shares. This repurchase authorization allows the software giant to purchase up to 3.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.51 per share. The ex-dividend date is Wednesday, November 20th. This is a boost from Microsoft’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.40%. Microsoft’s dividend payout ratio (DPR) is presently 38.74%.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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